Reno, NV

I often wondered how the three mighty cities of Northern Nevada compare in real estate strength when pitted side by side.

Here's a report I just finished putting together.

HIGHLIGHTS: Sparks is experiencing a deeper real estate recession than Reno (+7.13%) & Carson (+1.4%)

This is not a pessimistic or optimistic report on our real estate market. I don't think that's the question.

The opinion of the market is what matters right now. I think our job is to observe,learn from it not argue with what it is revealing.

My hope is people will see the big picture in our market and hopefully through this data they can make a better investing decision.

Here's the unabridged report: Reno Real Estate

Note: The site also contains detailed and updated(once/month) market reports on Reno & Sparks and some zip codes. If you have more specific questions regarding the market. You can send me an email at: ian.mariano@gmail.com

Reno Real Estate Trend Watchers!

I just posted up current Reno real estate market trends for December, 2007 sales and January inventory levels.

If this is a market of interest to you, visit the link above to my blog site to read up and check out other local resources that may be of interest to you.

Mitch Argon for your Reno Real Estate needs.

Many folks have heard of the "Biggest Little City In The World" but few know or realize that the Truckee River runs through it. That's right, right smack dab in the middle of the downtown area and a stone's throw from most of Reno's well known casinos is the Truckee River.

Reno is full of many pleasant surprises; but for today let me give you a brief introduction to my town.

Little needs to be said about its great entertainment as the City has built quite a reputation on the glitz and glamour of its gaming and night life. However, there is another side of Reno - it is a great place for families. The schools are great and family activities abound from urban to wilderness.

Reno is also a University town, another little known fact. One of the things that make a city a desirable place to live is the advantage of a college/university in the vicinity. Residents are able to enjoy concerts, lectures and other college public events including exciting college sports. I think having a university in town keeps the City young and forward thinking.

With our business-friendly government and tax structure, Reno is also a great choice for businesses and retirees.

Reno has wonderful weather. Although we experience all four seasons, we enjoy a rather moderate climate. We usually have a white Christmas but for the most part our snowfall is light. Since we are a high desert city, summers are warm. However, we do not experience the extreme heats of the desert. Our weather does give us the benefit of being able to enjoy all the outdoor activities; from skiing in Lake Tahoe to fishing in the Truckee River.

Reno became famous as the "Silver City". Today it remains famous for its gaming; but there is a new Reno emerging with a new kind of fame. It is the Reno of Adventure, Art, Education and Quality Living.

Updated with Reno homes sold from December 1 to December 31, 2007

If you are following the Reno real estate market and wanted to scan Reno homes, condos, and manufactured homes that sold during December, 2007, I just updated my blog site to include Reno NV homes sold in December 2007.

I display the list price (most recent) and sold price so you can get a feel for how much homeowners were willing to come down in today's market.

Cheers -

Mitch